Description

The BetaPro Inverse Bitcoin ETF (BITI) aims to deliver daily investment outcomes that inversely mirror (at a 100% ratio) the day-to-day performance of an index. This underlying index is structured to replicate returns achieved through long notional positions in Bitcoin Futures. The results are calculated before accounting for fees, expenses, distributions, brokerage commissions, and other trading costs. Currently, BITI's benchmark is the BetaPro Bitcoin Front Month Rolling Futures Index (Excess Return). It is crucial to note that this ETF's investment objective is designed exclusively for single-day performance and does not extend to periods longer than one day.